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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: h_ who wrote (10177)	3/3/2013 8:13:06 AM
From: humble1	Respond to of 41037

h_: thanks for the stick comment. yes, it could be a "hanging man" BUT if we are just looking at the end of an upper level consolidation (as i think) its position would be at the completion of a little wave-c, part of a final corrective "abc" e-wave pattern and that would make it a "hammer." monday will tell the tale. because of the sequester hype, friday was a "High Anxiety Day" (tm:h1) somewhat like 12/30-12/31. bottom line: $85 billion in cuts for a whole year is small potatoes, though i realize some will be hurt. that is actually less than the budget INCREASE planned for 2013. and, be assured, the bureacrats and politicians will find ways around it. the cuts are bullish, very bullish. next stop: the spx 1600's! IMHO!